Objective

The Fund seeks the highest level of current income exempt from federal income tax, consistent with liquidity and stability of principal by investing primarily in high-quality, short-term municipal obligations. The Fund is a money market fund, which seeks to maintain a constant share price of $1.00 per share.

Investment Style

The Fund invests in high-quality, short-term municipal obligations that pay interest that is exempt from federal income tax. The Fund's investments may include:

Tax-exempt bonds, including general obligation bonds, revenue bonds and industrial development bonds

An investment in the Fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation, the U.S. Treasury or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, there is no guarantee it will be able to do so. It is possible to lose money by investing in the Fund. There is also no guarantee that the Fund will be able to avoid a negative yield.

Fund Facts as of 12/31/2014

Inception Date

9/10/1981

NASDAQ Symbol

TTFXX

CUSIP

89154V108

Prospectus Date

10/30/2014

Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and the summary prospectus contain this and other information about the Fund. To obtain a prospectus or a summary prospectus, contact your financial advisor or download and/or request one at TouchstoneInvestments.com/literature-centeror call Touchstone at 800.638.8194. Please read the prospectus and/or summary prospectus carefully before investing.

Investment return and principal value of an investment in a Fund will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost.